The Labour Market in Korea: Enhancing Flexibility and Raising Participation
This paper analyses the increasing dualism in the Korean labour market and the need to encourage greater labour force participation. Although the rising proportion of non-regular workers lowers labour costs and increases employment flexibility, it has a negative impact on both equity and efficiency...
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2005
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | This paper analyses the increasing dualism in the Korean labour market and the need to encourage greater labour force participation. Although the rising proportion of non-regular workers lowers labour costs and increases employment flexibility, it has a negative impact on both equity and efficiency over the long term. Relaxing employment protection for regular workers and increasing the coverage of the social safety net for non-regular workers would help limit the extent of dualism. Population ageing is projected to be exceptionally rapid in Korea, leading to a significant decline in the workforce by mid-century. Steps to boost the participation of women through family-friendly policies are a priority. It is also important to encourage employees to stay at firms beyond the age of 50. Making the wage system more dependent on productivity and less on seniority and implementing a company pension system in place of the retirement allowance would help maintain the employment of older persons. This Working Paper relates to the 2005 OECD Economic Survey of Korea (www.oecd.org/eco/surveys/korea) |
| Beschreibung: | 1 Online-Ressource (21 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/548701741108 |
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| spelling | Jones, Randall S... Verfasser aut The Labour Market in Korea Enhancing Flexibility and Raising Participation Randall S. Jones = Le marché du travail en Corée : Accroître la flexibilité et les taux d'activité / Randall S. Jones Le marché du travail en Corée Paris OECD Publishing 2005 1 Online-Ressource (21 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper analyses the increasing dualism in the Korean labour market and the need to encourage greater labour force participation. Although the rising proportion of non-regular workers lowers labour costs and increases employment flexibility, it has a negative impact on both equity and efficiency over the long term. Relaxing employment protection for regular workers and increasing the coverage of the social safety net for non-regular workers would help limit the extent of dualism. Population ageing is projected to be exceptionally rapid in Korea, leading to a significant decline in the workforce by mid-century. Steps to boost the participation of women through family-friendly policies are a priority. It is also important to encourage employees to stay at firms beyond the age of 50. Making the wage system more dependent on productivity and less on seniority and implementing a company pension system in place of the retirement allowance would help maintain the employment of older persons. This Working Paper relates to the 2005 OECD Economic Survey of Korea (www.oecd.org/eco/surveys/korea) Economics Korea, Republic of https://doi.org/10.1787/548701741108 Verlag kostenfrei Volltext |
| spellingShingle | Jones, Randall S.. The Labour Market in Korea Enhancing Flexibility and Raising Participation Economics Korea, Republic of |
| title | The Labour Market in Korea Enhancing Flexibility and Raising Participation |
| title_alt | Le marché du travail en Corée |
| title_auth | The Labour Market in Korea Enhancing Flexibility and Raising Participation |
| title_exact_search | The Labour Market in Korea Enhancing Flexibility and Raising Participation |
| title_exact_search_txtP | The Labour Market in Korea Enhancing Flexibility and Raising Participation |
| title_full | The Labour Market in Korea Enhancing Flexibility and Raising Participation Randall S. Jones = Le marché du travail en Corée : Accroître la flexibilité et les taux d'activité / Randall S. Jones |
| title_fullStr | The Labour Market in Korea Enhancing Flexibility and Raising Participation Randall S. Jones = Le marché du travail en Corée : Accroître la flexibilité et les taux d'activité / Randall S. Jones |
| title_full_unstemmed | The Labour Market in Korea Enhancing Flexibility and Raising Participation Randall S. Jones = Le marché du travail en Corée : Accroître la flexibilité et les taux d'activité / Randall S. Jones |
| title_short | The Labour Market in Korea |
| title_sort | the labour market in korea enhancing flexibility and raising participation |
| title_sub | Enhancing Flexibility and Raising Participation |
| topic | Economics Korea, Republic of |
| topic_facet | Economics Korea, Republic of |
| url | https://doi.org/10.1787/548701741108 |
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